Why China’s Investment Bankers Are Breaking Up With Capitalism

One after another, bankers at China International Capital Corporation — China’s premier investment bank – are pledging loyalty to the Communist Party, underscoring a new reality for Wall Street-style capitalists in the era of Xi Jinping.Today on the Big Take Asia, host David Gura speaks with Bloomberg’s Cathy Chan about the tug-of-war between communism and capitalism at the “Morgan Stanley of China,” and how politics are redefining Chinese finance.Read More: China’s Investment Bankers Join the Communist Party as Morale (and Paychecks) ShrinkFurther listening: What Does China’s Economic Slowdown Mean For the Communist Party?See omnystudio.com/listener for privacy information.